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Varroc Engineering order win for Rs 5,178 cr includes key seven EV customers

Varroc Engineering bags order for Rs 5,178 crore during FY23 out of which Rs 1,796.8 crore oreder is from EV manufacturers. Company’s consolidated revenue from continued operations was Rs 6,863.1 crore in FY 22-23, registering a growth of 17.4 per cent on YoY basis.Read more

Ceat’s EV tyres to power MG Motors latest electric vehicles, Comet

Ceat is committed towards innovative and high-quality tyre solutions for the growing electric vehicle (EV) market in India and in this lead the company has come together with MG Motors for the launch of the MG Comet, the newest EV in India.Read more

Siemens to acquire Mass-Tech Controls’ EV division

Siemens enters into an acquisition with Mass-Tech Controls to acquire EV division of the company strengthening its capability to address fast-growing demand for electric vehicle charging infrastructure in India, expand local market presence, and enable creation of export hub.Read more

Hyundai Motor India exchanges MoU with TN govt, planning to invest Rs 20,000 Cr

Hyundai Motor India Limited (HMIL) is planning for a long-term investment in the state of Tamil Nadu for over the period of 10 years (2023 to 2032) with a plan to increase production volumes and introduce new electric vehicle models. Read more

Why do warehouses hurt air quality and neighborhood noise levels?

Air and noise pollution from warehouses can reduce the value of homes, increase wear on roads and expose neighborhoods to excess amounts of greenhouse gas emissions. However, there are solutions to these problems, writes Emily Newton.Read more

Tata Technologies signs MoU with TiHAN-IIT Hyderabad for SDVs, ADAS systems

Tata Technologies has signed a Memorandum of Understanding (MoU) with TiHAN IIT Hyderabad, to collaborate in the areas of Software Defined Vehicles (SDV) and Advanced Driver Assistance Systems (ADAS).Read more

Ultra-low voltage drives market to grow to $3.1 billion by 2027

Interact Analysis report shows a global ultra-LV drives market worth $753 million in 2021. AMR/AGV sector driving revenue growth for ultra-LV drives, accounting for 11 per cent of total market revenues in 2022, stated the report. Three companies currently dominate the market, but is likely to change. Read more

Daimler India Commercial Vehicles shows strong revenue and sales in 2022

Daimler India Commercial Vehicles achieved sales volume growth of 25 per cent in 2022 with total 29,470 vehicle sales. 200,000 cumulative vehicles produced in Oragadam plant, with highest-ever vehicle exports, parts sales and domestic sales in the year. Read more

Vitesco Technologies’ plants offers intelligent and sustainable production

German automotive supplier, Vitesco Technologies is headquartered in Regensburg. Recently to increase its local production and serve Indian customer with better product portfolio, company inaugurated a plant in Talegaon, Pune. Anurag Garg, Managing Director and Country Head India, Vitesco Technologies in this interview shares more about the state-of-the-art facility and the upcoming developments of Vitesco Technologies in India.Read more

Matter initiates the development new-gen lithium-ion cell with professors of University of Texas

Tech innovation led start-up, Matter is working on new-gen lithium-ion cell technology with Prof Arumugam Manthiram. With this collaboration Matter aims to bring about significant advancements in lithium-ion cells for real world conditions. Read more

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